Bangladesh : Request for a Three-Year Arrangement Under the Extended Credit Facility
The government of the People's Republic of Bangladesh has requested a three-year Extended Credit Facility (ECF) arrangement with access of 120 percent of quota in support of their reform program. It aims to restore macroeconomic stability, strengthen the external position, and engender higher, more inclusive growth. Under the ECF-supported program, the main components are upfront macro-tightening measures buttressed by greater exchange and interest rate flexibility.
Publication date: April 2012
ISBN: 9781475503074
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Money and Monetary Policy , International - Economics , Public Policy , foreign exchange , banking , external debt , banking system , debt management , central bank , balance of payments , macroeconomic stability , debt service , current account , domestic borrowing , external payment , payment arrears , external borrowing , foreign exchange market , bank
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